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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?


To: aknahow who wrote (6565)6/23/1998 10:21:00 PM
From: Tharos  Read Replies (2) | Respond to of 17367
 
I think Xoma is throwing up a smoke screen. If I had not been fortunate enough to have a contact in the UK we still would not have the information about a clinical trial underway in the UK. This trial has a two edged potential:
1) if trail fails and word gets out, stock could tumble and we would have no indication as to why.
2. if trail is successful, it could be that final straw needed to convince a fund manager to buy and we could be locked out of the opportunity to adjust our stock holdings based on the knowledge of the program's existence.
Add to that this little tid-bit:
3. front office has knowledge of new clinical trial starting, CFO buys more stock in company before word is released.

We have been polite about it so far. This is a serious matter. Companies have been taken to task by regulatory agencies for much less.